S.Giri
This Query has 1 replies

This Query has 1 replies

24 February 2008 at 12:34

Reference Books &its authors

Dear sir,
I need Reference books &its authors for the following Subjects :
1 Adavanced financial accounting
2 Managment accounting &its performance
3Auditing
Quantative methods
Sir pls send an adivce Towards the books &how to study over the subjects for Icwai june exam


S Venkatesh
This Query has 3 replies

This Query has 3 replies

Dear Members,

I have a query.

The query is as follows:

Many well known companies (E.g Tata Steel Ltd - Schedule 3: Interest (Page No 124 of the Annual report for the year ended 31.3.2007) in their Schedules forming part of the accounts show Interest paid Less Interest Received. Does this practice conform to Schedule VI to the Companies Act 1956? Or if ICAI has recommended this practice in any of its publications, if so where? ROC's are also raising this question?

Learned Club Members are requested to enlighten me on this practice.

S Venkatesh


vikas
This Query has 2 replies

This Query has 2 replies

22 February 2008 at 16:09

sales of company

how to do sales reconciliation


Jasmine
This Query has 1 replies

This Query has 1 replies

22 February 2008 at 11:06

Kind Attention

Hi all!

We are a ERP software development company started a year ago.We have now developed our base model.In this connection I would like to know as to how i should arrive at the product cost and how i should amortise the same over future years or whether i can expense the entire cost incurred for developing the ERP product as expenditure and write it off to the profit and loss account.

Kindly help me out with relevant provisions as per Co's Act and IT Act.


Jasmine
This Query has 2 replies

This Query has 2 replies

22 February 2008 at 11:05

Kind Attention

Hi all!

We are a ERP software development company started a year ago.We have now developed our base model.In this connection I would like to know as to how i should arrive at the product cost and how i should amortise the same over future years or whether i can expense the entire cost incurred for developing the ERP product as expenditure and write it off to the profit and loss account.

Kindly help me out with relevant provisions as per Co's Act and IT Act.


ramesh vadnala
This Query has 3 replies

This Query has 3 replies

22 February 2008 at 08:55

Import sales

we have imported raw material and under ex bond we have sold to a party.. is local tax applicable on sales and wat is the accounting treatment?


SAM KOSHY
This Query has 2 replies

This Query has 2 replies

21 February 2008 at 15:15

Financial Assistance from Govt.Fund

Financial Assistance in the form of cash
(non -returnable) + agency service from a government fund to a private company for
office automation ( software installation).

We can account this cash as miscellaneous income in P& L A/c.

How we will account this income in other ways?

How it will b/f in the next fiscal year ?

( Not from Indian Govt. but from a middle east country ministry)


SAM KOSHY
This Query has 1 replies

This Query has 1 replies

21 February 2008 at 12:31

Property Valuation


Who is the authorised person to make the property valuation report?

The property valuation report of an independent property valuer is acceptable to nationalised banks ?

What creteria using to find the current market value of land with / without buildings?

Sam Koshy


CA ROHIT KUMAR SAMAR
This Query has 2 replies

This Query has 2 replies

21 February 2008 at 09:55

Change in method of depriciation

if any company has changed its accounting policy i.e. from wdv to straight line method on year end(31-03-2008) then whether loss on sale of machinary ,sold on 01-10-2007 & depriciation thereon is liable to change retrospectively or not, is retrospective change is required to be given on existing machine on year end only


Jitender Garg
This Query has 1 replies

This Query has 1 replies

20 February 2008 at 16:18

TDS on purchase of asset with installation

Hello EXPERTS,
ABC Pvt Ltd place a order for supply of Hydropnuematic System. One of the terms of P.O. is that Installation, Testing & Commission of system will be carried out without any extra cost.

Now my query is that wether we treat it as composite order including installation i.e TDS will be done
OR
TDS will not be done as installation is free of cost along with supply of Hydropnuematic System.






CCI Pro



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